European Fund for Strategic Investments (EFSI) - European Investment Bank

Donor: 
Any donor
International Finance Institutions
European Union
Geographical focus: 
Global
Europe
Thematic focus: 
Tourism in general
Education in Tourism
Energy in Tourism
Infrastructure in Tourism
Trade, Investment and Competitiveness in Tourism
Intro text: 
The EFSI aims to overcome the current investment gap in the European Union (EU) by mobilising private financing for strategic investments which the market cannot finance alone.

Official website

http://ec.europa.eu/priorities/jobs-growth-investment/plan/efsi/index_en.htm

Geographic focus

Europe

Who can apply?

Anyone – not just Member States - can submit their request for financing to the EIB for Infrastructure and Innovation investments, and to the EIF for SMEs equity or guarantee instruments. Project promoters can contact the EIB and EIF directly – they do not need to pass via a local authority or government.

Objectives and activities

Objective: The EFSI aims to overcome the current investment gap in the European Union (EU) by mobilising private financing for strategic investments which the market cannot finance alone. It will support strategic investments in infrastructure as well as risk finance for small businesses.

Activities: types of projects:

  • High societal and economic value contributing to EU policy objective
  • Must attract private capital by addressing market failures.
  • Must come on top of existing EIB and EU financing possibilities.
  • Economically and technically viable.
  • Consistent with EU state aid rules.
  • Some examples of key growth-enhancing areas being targeted by the EFSI are:
    • Infrastructure (transport, energy, digital, environment, urban and social sectors)
    • Education and training, health, R&D, ICT, innovation
    • Renewable energy and energy efficiency
    • Support to SMEs and mid-cap companies.

Type and level of funding

The European Commission expects the Investment Plan will mobilise at least €315 billion in additional investment in Europe over the next three years.

The EU will provide €21 billion in initial funding – a €16 billion guarantee, to be authorised via an EU Regulation - and the European Investment Bank's (EIB) own resources (€5 billion). The fund will be set up within existing EIB Group structures, allowing it to start quickly and to benefit from the EIB's experience.